Market trends, case studies, value chain and technology analysis, best practices, current and emerging business models, company profile

Global 5G service market

DUBLIN, Feb. 9, 2024 (GLOBE NEWSWIRE) — By communication type (eMBB, URLLC, mmTC), by end user (consumer and enterprise), by application (Industry 4.0, smart cities, smart buildings), by enterprise. “5G Services Market” (Manufacturing, Telecommunications, Retail, E-Commerce) and Regions – Global Forecast to 2028” report added ResearchAndMarkets.com Recruitment.

The global 5G services market is estimated to reach USD 121.8 billion in 2023 and USD 1.023 trillion by 2028, at a compound annual growth rate (CAGR) of 52.4%. This market study covers the market size of his 5G services across various segments. It aims to estimate market size and growth potential across various segments such as applications, communication types, industries, and regions. The study includes a detailed competitive analysis of the key market players, their company profiles, key observations related to their products and business lines, recent developments, and market strategies.

The proliferation of 5G-enabled smartphones has emerged as a pivotal driver within the consumer segment, driving the adoption of 5G technology. As telecommunications companies deploy advanced networks, consumers are increasingly attracted to the promise of enhanced connectivity and an improved mobile experience. The availability of 5G-enabled smartphones, which boast faster data transfer speeds and lower latency, is motivating users to upgrade their devices. The desire to take advantage of 5G’s full potential, including seamless streaming, augmented reality applications, and faster download speeds, is motivating consumers to invest in the latest smartphone technology. The burgeoning demand for 5G-enabled devices, driven by the allure of superior network capabilities, will significantly contribute to the overall momentum of 5G adoption in the consumer market, increasing the number of individuals involved in and engaging with mobile connectivity. shaping the way you benefit from it.

Healthcare and life sciences sector is expected to register the highest growth rate during the forecast period

The advent of 5G technology is revolutionizing healthcare and life sciences by greatly enhancing the capabilities of healthcare drones. With its high-speed connectivity, 5G will facilitate a seamless, real-time communication infrastructure that is essential for deploying drones in a variety of medical applications. In remote areas where access to medical supplies is difficult, 5G will enable drones to efficiently deliver lifesaving medicines and medical supplies, thereby filling critical gaps in access to care. Additionally, 5G’s high transmission speeds and low latency enable rapid transportation of laboratory samples, facilitating timely diagnostic processes. In addition to logistics, 5G-enabled drones can also provide aerial telemedicine support, connecting healthcare workers with patients in remote locations. This transformative synergy between 5G and healthcare drones will not only expand the reach of healthcare services, but also provide agile and responsive drones that can meet challenges in both routine and emergency medical situations. Establish a healthcare ecosystem.

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Industry 4.0 segment will maintain the largest market size during the forecast period

With the advent of 5G technology, manufacturing processes are being restructured within the framework of Industry 4.0 through the introduction of advanced quality control measures and predictive maintenance systems. This new paradigm facilitates continuous monitoring of equipment health by strategically placing sensors and Internet of Things (IoT) devices throughout the manufacturing environment. These sensors collect real-time data on critical factors such as temperature, vibration, and wear, providing comprehensive insight into machine health. Taking advantage of 5G’s high-speed, low-latency capabilities, this rich data can be quickly transmitted and processed, allowing for rapid detection of anomalies and deviations from optimal operating conditions. In the context of Industry 4.0, this real-time connectivity powered by 5G is the driving force for transformation. Seamless transmission and processing of data allows manufacturers to take a proactive approach to maintenance. By incorporating advanced analytics and machine learning algorithms, manufacturers can predict potential equipment failures before they become apparent. This predictive maintenance strategy allows you to schedule maintenance activities precisely as needed, minimizing unplanned downtime and optimizing the overall efficiency of your equipment. Fundamentally, 5G-enabled predictive maintenance integration is the cornerstone of Industry 4.0, helping to improve operational efficiency, extend equipment lifespan, and significantly reduce costs for manufacturers.

Highest growth rate in Asia Pacific region during forecast period

5G is a critical solution not only to meet the connectivity demands of bustling city centers but also to overcome the persistent connectivity challenges faced by remote and underserved regions in Asia Pacific. It is emerging as. In these regions where traditional infrastructure may be limited, 5G technology is playing a transformative role by facilitating enhanced broadband access. This not only addresses the digital divide that is prevalent in hard-to-reach areas, but also actively contributes to promoting inclusivity. 5G will extend fast, reliable connectivity to remote communities, allowing them to participate in the digital economy, access educational resources, and benefit from critical services such as telemedicine. Deploying 5G networks to these underserved regions is part of Asia-Pacific’s efforts to narrow the technology gap, unlock new opportunities, and promote more just and connected societies across the region’s diverse regions. reflects.

key attributes

Market trend

• driver

  • Increase in mobile network data traffic

  • The mobile broadband experience needs to be transformed

  • Accelerating digital transformation across industries

  • Developing smart infrastructure

  • Timely availability of 5G compatible devices from multiple vendors

• restraints

• opportunity

  • Global adoption of fixed wireless access (FWA)

  • Increasing demand for highly reliable, low-latency networks

  • Deploying a large-scale IoT ecosystem and critical communication services

• assignment

case study analysis

• TDC Net Deployed Ericsson E2E SLA for Network Slicing

• IMR partners with Vodafone Business to help local manufacturers adopt Industry 4.0

• Vodafone Business helps H-Farm build a future-fit innovation hub

• Sunrise leverages 5G to power Laax’s business

value chain analysis

technical analysis

Best practices in the market

• Network reliability and coverage

• Security and privacy

• spectrum management

• Network slicing for customization

• Collaboration with ecosystem partners

• Customer engagement and support

Current and emerging business models

5G Service Tools, Frameworks, and Technologies

• 5G service tools

  • Network performance monitoring tools

  • Network slicing orchestrator

  • Security and threat detection software

  • network optimization software

• 5G service framework

  • Open Radio Access Network (RAN)

  • Open Network Automation Platform (ONAP)

  • Multi-access edge computing (MEC)

• 5G technology

Introduced companies

• Aruna Networks

• air span networks

• AT&T

• bell canada

• Bharti Airtel Limited

• BT Group

• Serona

• china mobile

• China Telecom Co., Ltd.

• china unicom network communication

• Deutsche Telekom AG

• Dish Network Co., Ltd.

• Edgek

• Etisalat Group

• Japan Meteorological Agency Radio

• KDDI Corporation

• KT Co., Ltd.

• LG U+ Co., Ltd.

• Mangata Networks

• MTN Group

• NTT Docomo

• omniflow

• orange SA

• rakuten group

• Reliance Jio

• Rogers Communication Co., Ltd.

• saudi telecommunications company

• SK Telecom

• swisscom

• Telefonica SA

• Telenor Asa

• Telstra Group Limited

• Terrace Co., Ltd.

• Verana Networks

• verizon communications

• vodafone group

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